Just watched Andrew Ross Sorkin’s interview with Cathie Wood who manages the ARK Fund. The segment was about “finding opportunity”. Her optimism about Tesla, Bitcoin, and this administration’s approach to tariffs and global tax cuts was so positive that I questioned her credibility. Here are some highlights of the interview.
She spoke of all “the letters” her firm puts out. Highlights:
1. Says we are in recession now and sees end of rolling recession very soon
2. Govt Productivity increase is staggering
3. Palintir - recent report was “fantastic”. strategic decision for companies and growing although Europe is slow on uptake of AI. Alex Karp said Europe is hopeless. But maybe that changes she says. I own Palintir stock.
4. Bitcoin new target (2030) - $750k to $1.5 M. Might replace Gold as hedge. Wow!
5. Tesla- $2600 by 2030. What? Robots, Energy Storage, and AI
6. Google News re AI and models take share from Google. She thinks Google is underestimating the negative impact to them
She expects interest rates to come down. Bullish overall.
Do you have thoughts on Cathie and Ark fund?